The Central African Republic has become the first African country - and only the second in the world after El Salvador - to adopt Bitcoin as legal tender. Members of parliament unanimously approved the move and President Faustin Archange Touadera signed a bill into law that makes the cryptocurrency legal tender alongside the CFA franc.
The landlocked state, which is one of the world's poorest, has suffered from a devastating armed conflict in recent years. Journalist Clement di Roma, who lives in the CAR capital, Bangui, says the government hopes the move will help to push forward economic development and facilitate investment.
👀🕺 #Bitcoin dance party imminent [Larger image]
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If you aren't familiar with the "First follower" meme, here's the origin:
First Follower: Leadership Lessons from Dancing Guy
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Here's another recent post, here on SN, on this development:
President of Central African Republic tweets about Bitcoin #23423 https://twitter.com/FA_Touadera/status/1519360822853926914
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